Polyisobutylene Prices in USA

• United States: 2540 USD/MT

In June 2023, the price of polyisobutylene in the United States reached $2,540 per metric ton for the second quarter. The latest report by IMARC Group, titled "Polyisobutylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of Polyisobutylene prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Polyisobutylene Prices December 2023:

• United States: 2540 USD/MT
• South Korea: 3175 USD/MT
• Belgium: 2780 USD/MT

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The study delves into the factors affecting Polyisobutylene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

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Polyisobutylene Price Trend- Q4 2023

The polyisobutylene market is primarily driven by its diverse applications and robust demand across various end-use industries. One of the key drivers is its extensive use in the automotive sector for the production of lubricants, fuel additives, and adhesives. The construction industry also significantly contributes to the market demand, utilizing polyisobutylene for sealants and coatings due to its excellent weather resistance and durability. Additionally, the rising demand for polyisobutylene in the food industry, especially as an additive in chewing gums and food packaging, further propels market growth. The chemical industry's need for polyisobutylene as an intermediate in manufacturing other chemicals adds another layer of demand. Environmental regulations promoting the use of polyisobutylene as a clean-burning additive in fuels are also a critical factor. The ongoing advancements in production technologies and the development of high-performance polyisobutylene grades enhance its applicability, thus driving market expansion. Despite economic fluctuations and supply chain disruptions, the consistent demand from these diverse sectors underscores the polyisobutylene market's resilience and growth potential.

Polyisobutylene Market Analysis

The global polyisobutylene market size reached US$ 2.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.4 Billion, at a projected CAGR of 3.7% during 2023-2032. In the North American market, polyisobutylene prices decreased in the second quarter of 2023, primarily due to weak feedstock prices and sufficient inventories. The prices of Isobutylene, a key feedstock, dropped significantly, reducing cost pressures. Additionally, the US economy experienced a slowdown due to aggressive monetary policy tightening and fragile economic conditions in major trading partners like China. Core inflation remained above targeted levels, affecting trade activities and putting downward pressure on prices. Despite this, demand from the downstream automotive and construction industries continued to grow. Adequate availability of finished polyisobutylene stocks allowed traders to lower their quotations, further contributing to the price decline.

In the Asia-Pacific region, specifically South Korea, polyisobutylene prices displayed mixed trends during the second quarter of 2023. Prices initially decreased in April due to limited demand and ample inventories, even as feedstock Isobutylene prices increased slightly. The weak global economic conditions and declining manufacturing activity, along with subdued exports, negatively impacted prices. However, in May, prices rebounded due to a surge in demand from the automotive industry, which saw a significant increase in sales. By June, high inflation, rising interest rates, and an oversupply of feedstock Isobutylene led to a decline in polyisobutylene prices once again, as demand from downstream sectors like construction remained weak.

In Europe, particularly Germany, polyisobutylene prices saw a substantial decline during the second quarter of 2023. The decrease was driven by low cost pressures from feedstock Isobutylene, which trended downwards, and fluctuating natural gas prices. High inflation and rising interest rates by the European Central Bank, along with weakened purchasing sentiments, also played a role. The demand from downstream sectors such as construction and food additives remained soft, leading to decreased consumption rates. Although the automotive industry's demand rebounded slightly, it was insufficient to counterbalance the overall price decline. Adequate inventories and a contraction in Germany's manufacturing activity further contributed to the falling prices of polyisobutylene.

Browse Full Report: https://www.imarcgroup.com/polyisobutylene-pricing-report

Key Points Covered in the Polyisobutylene Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Polyisobutylene Prices
• Price of Polyisobutylene
• Polyisobutylene Demand & Supply
• Polyisobutylene Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Polyisobutylene Price Analysis
• Polyisobutylene Industry Drivers, Restraints, and Opportunities
• Polyisobutylene News and Recent developments
• Global Event Analysis
• List of Key Players

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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